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thing and that is just crossing from nancy pelosi who says that she does not think that the debt ceiling issue is part of this fiscal cliff discussion, which is interesting, because that is different than the plan that timothy geithner brought forth. in his plan they were going to try to raise the debt ceiling indefinitely. he said it would be terrible for them to have to go back and ask permission to continue the raise the debt ceiling because owe thinks it makes the creditworthiness of the united states in play and jeopardy. an interesting development from nancy pelosi. who knows whether or not she is central to the debate going on right now. bill: there will be another briefing on benghazi. the families of the four americans killed in that attack almost three months ago say they are still in the dark about what happened to their loved ones. the father of tyrone woods one of the former navy seals saying he learned more from witness accounts about how his son died than he did from the white house. new hampshire senator kelly ayotte member of the house services committee and the budget c
and house minority leader nancy pelosi be excluded from future talks. >>> well, the closely-watched monthly unemployment report released this morning was better than expected. the economy added 146,000 jobs in november and the unemployment rate fell to a four-year low of 7.7%. coming up at 7:15, how this morning's job report impacts thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member of the group was able to have money wired to them. so they were able to spend last night in a hotel. we have no word yet if that group will return to oakland today. >>> funeral services will be held this weekend for two teenaged girs shot to death in oakland last month. funeral services will be held for ra chef at cooper's -- raquel at cooper's and the girls were found last month near brookdale park. they had been shot as many as 36 times
, is he the nancy pelosi -- oh oh oh man. is he the nancy pelosi of madison? we all have the shot and wait till april to see if it worked. passing the bill in order to -- julie says this. you are wrong. i have chronic bronchitis and asthma. influenza is a respiratory illness. if i get it it will probably kill me. i don't understand your adamant disagreement about getting a flu shot. sylvan disagrees with me as well. think of others. get a flu shot. it is not all about you and your health. oh yes it is. i am sorry. i take your comments seriously. follow us on facebook. excellent conversation all day long. we have been in the christmas spirit for a while on "varney and company". playing holiday music all month. even though dozens of new christmas albums are made every year, classic christmas songs, the most popular. find out why at 10:45. it whenever heard of the small town of machine? is in belgium. i am sure you have heard of gerard depardieu, the french actor, he is moving there. he's leaving france. here is my take on why he is moving. taxes. france's socialist government has enclosed a
. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yest
sides. on the president's side, he's got the left. he's got nancy pelosi and several other, you know, prominent democrats pushing him from the left. boehner has a more difficult path to negotiate. he's got jim demint in the senate hollering each and every day. he's got his own problems in the house, as we've just spoken to. within the context of this, jack lew, chief of staff, along with treasury geithner, is sitting there every day trying to put something together. jack lew 30 years ago was working for tip o'neill. he knows the rough architecture of a road map towards a deal. one of the keys, especially with regard to speaker boehner is, you cannot leave your opponent, speaker boehner, hanging out there to dry, getting pummeled by his own side. you've got to come to him a little. but i agree with steve rattner, the president is not going to yield on tax rates for the wealthy. he's not going to yield on that. >> he's going to have to yield in some way. i mean, maybe it's 37% that's the top tax rate. >> yeah. >> maybe you go from $250,000 to $400,000 or $250,000 to $500,000. he's goin
forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down with the president, to get serious about solving this problem. >> but president obama says john boehner's presence is not the solution, it's the problem. >> the holdup right now is that speaker boehner took a position, you think the day after the campaign, that said, we're willing to bring in revenue, but we're not willing to increase rates. and i've just explained to you why we don't think that works. >> se
with a proposal so completely ridiculous it wouldn't have passed the house, as i indicated earlier, if nancy pelosi were still speaker. it was more of a provocation than a proposal, to be perfectly frank about it. it was a message that the president doesn't want to deal at all. to date not a single democrat has come forward to support the geithner proposal, and anybody who actually looks at the details would certainly understand why. as i just indicated, it includes a $2 trillion tax increase over ten years, the biggest real-dollar tax increase in u.s. history. it increases taxes on nearly one million small businesses in the middle of a jobs crisis. according to ernst & young, this type of rate hike would cause more than 700,000 americans to lose their jobs. it raises taxes on investment income, harming economic growth even more. it includes tens of billions of dollars in more washington spending in a deal supposedly to cut the deficit. and most outrageous of all, it gives the president of the united states unilateral power to raise the limit on the federal credit card, the so-called debt ce
for this adjustment to be slowly worked in. nancy pelosi i call you dracula. super hero fix number seven, after you are done raising taxes on the rich, how about raising the overall tax base. encouraging a simple and fair tax code that gives all-americans a stake at the game and likely a greater interest in the game. i myself like a flat tax or a fair tax. just not this tax nest we have right now. i say set three different rates. as you go up the income ladder there are fewer writeoffs and more pro -- progressive. commit to doing all of this. sign in your own blood. you are out, you are fired on the spot. your word will be your bond. you don't honor it, your fan knee will be out the door. politicians, what i am telling you is stop acting -- start acting like a super hero. start thinking about the citizens of got them and -- gothem and america who counts on you. the red phone is ringing. >> i regret to say, sir, batman and robin are not at present available. >> what? surely you must be jesting. >> uh lass, sir, i am not. batman is enjoying one of his infrequent vacations. >> do you want to let ameri
nancy pelosi was asked what it meant to her. the congressman reflected on his role. >> that was one of the saddest days so anyone who was a party to that, well, i wish them well wherever they are going. >> while we always wanted to wish someone well while they go on, i will not miss his often bizarre views or tea party rhetoric that defined his view on every issue he took. i'm delayed to be joint any congressman debby wasserman-schultz. she has just been nominated by president obama to serve as chair woman of the democratic national committee following her speck tack her performance in this election just past. we're thrilled to have you with us. >> thank you great to be with you, eliot my pleasure. >> how do you want jim deminute's departure from the senate? is this reflective of the tea party on the run chasing money does he believe he can leverage this position into greater power? >> i think senator demint clearly sees that the tea party is not a growth industry. i mean, he had an election that just passed that did not see the ranks of tea party members expand the senate candidate
for we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the middle class. so it's not about the rate. it's about the money. >> so is 37 the magic number in this fiscal cliff debate? "outfront," two men who know taxes very well. douglas holtz-ekin, president of the american action forum and robert reich from the university of california and berkeley and former secretary under bill clinton. douglas, does this sound like code for a deal in the works? >> it certainly is good news that they aren't taking things off the table. i would be premature if i was celebrating a deal. there's a long way to go. it's important that they reach an agreement. the fiscal cliff is a very real danger to the united states economy. it's a recipe for a recession. and i certainly would not like to see the rhetoric that we saw from the treasury secretary tim geithner who said he's prepared to go over the fiscal cliff. that is not a good way to talk abo
eligibility age rises from 65 to 67. medicare eligibility age rises. democrats do not like that idea as nancy pelosi explained yesterday. >> first of all, show me the money. i don't even know why that is something that people think is going to produce money. what are we going to do with people between 65 and 67? show me the money there. but it's not even the right thing to do, first and foremost. but is it a trophy that the republicans want? is that the trophy they want in order to do what is right to raise the rates for the wealthiest people in our country? >> let me say for the record i think pelosi is right. i don't think raising the age is the right idea. i'm going to show you the money later on. but what she did not do is not rule it out. if republicans end up getting it, it's something the obama administration told john boehner they were willing to trade away if republicans end up getting it, that will feel like a big win for them. enough to unlock the tax deal. i'm not saying the final negotiation here will be easy. one thing that's a tough sticking point in negotiations. we began toni
republicans,'s going to need boehner, he can't push a crammed agenda through when like nancy pelosi was speak of the house. i don't think that president obama or the republicans want us to go over the fiscal cliff. >> jamie: angela, when i have you guys on, i want to learn a little something myself. we have a lot of new members that are going to be seated after the first of the year. so, if they come up with some partial solution, let's say, what's the impact, angela, of us having new members of congress seating into this di decision making process. is it hurtful or beneficial? >> it's always beneficial, i always think that new minds are great to come to the table to give new ideas. what we have have to stop down is putting a bandaid on it and kicking it down the road. we need true me form or we'll be talking about this a year from now. >> jamie: doug, a prediction, going over? >> i don't think so. but you bring up a good point member about the 90 house members who are going to leave and more political incentive to do it now, because with new members, they're going to have to go through the d
in the upper echelons of society, does he have enough votes that he can put together with whatever nancy pelosi can stir up and pass it? >> i'm not sure there's support for rate hike, there is support for the revenue by cleaning up the tax code. >> isn't there $800 billion of collected revenue still a tax hike? >> this has been part of the debate for years. looking at cleaning up the code. and candy, getting in there and -- there are so many ways you can do it. maybe you want to cap total deductions, maybe you want to look at some of these tax credits and clean this code up. dave campus p dave's camp has put an incredible amount of time on this. it is the time, this is the opportunity to clean that code up. >> if we don't act before the end of the year, taxes go up for everybody, not for 2%, and it's a lot more than $800 billion. there's a big difference between a temporary tax cut that goes out than's proactively raising taxes. it happens automatically. we have to do something and doing something requires the cooperation of the senate, which the democrats run, and the signature of the presiden
worship, and nancy pelosi's membership, they can put together a coalition that can pass this thing in the senate which is pretty dominated by democrats. more of a foregoing conclusion. >> and who is coming up on your show to talk about the fiscal cliff today? >> we doctor v two remembers, marsha blackburn, they both have very different views, suppose the speaker gets a deal, and he can't get his folks to sign on. it has happened before as we know. it happened in the grand deal that he and president obama were putting together together before, so how far can the speaker go, before they start to lose too many people. so we'll have them talk about how short or long of a leash the speaker has. >> and i understand you have kristine laguard on? >> yes, she is head of the i.m.f., and in this global economy, nobody is in their economy alone. the world is also watching these negotiations and the lack of a deal, certainly, could shake the markets, and shake confidence across the globe. this is a global village watching the fiscal cliff. >> thanks, looking forward to that. looking forward to
back for what we fought for. >> nancy pelosi says no matter how many ways republican workers try to spin it right to work is bad for our economy and bad for the middle class. it has nothing to do with ex handing workplace minimums. over the weekend union organize nierzs continue to prepare their members for take to go the streets this week staging demonstrations against the measure. if the vote goes through tomorrow will will deal a significant blow>> now it is time to look whose talking in this morning's congress is talking. if you do as usual they aren't agr agreeing. congressman took to the airwaves to attack what he called the president's bait and switch tax hike that could push it over the fiscal cliff. >> if he would do what he said before the election as oppose to do the bait and switch what republicans like is like jerry bro brownicing t cooking the footba. >> the talk of taxes is almost irrelevant to the size of the trillions and trillions of debt. >> unwilling to compromise the democrats new york center chuck schumer said republicans should go ahead and make his day. >>
think that is the single clearest indication of seriousness to date. that is, instead of having nancy pelosi, harry reid, and the president and boehner and mitch mcconnell, you have two men in one room and that to me says an awful lot. the fact they released a statement that's plu conic. the lines of communication are open. this indicates to me a degree of seriousness we haven't seen to date and very important. now,ly also point out to you on the issue of balance and what former senator simpson said, i'm paying attention to the statements of business leaders right now. in particular, look at randall stevenson, ceo of at&t who said i think we need to avoid the fiscal cliff and a balanced approach and someone who's trended republican personally, that says a lot. it gives cover to the republicans in congress that this is okay to do in the name of american business. >> david, i want to quickly pivot back to entitlement reform. if the republicans have cover with the business world, let's play what erskine bowles said about entitlements and the president. >> i don't see why the president wo
of disappointments, you get that downtick. learn from nancy pelosi. the richest person in congress. doesn't speak during market hours. >> thank you very much. >>> going to the close of a gain of 80 points and our old friend from "power lunch" days, chuck lovelle ringing the closing pebble and much more now from washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day
on about these numbers. one is is about the cuts already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely embedded in law and there is no question about them. >> the problem with that is that congress has done nothing to put legislation in place to cut spending to meet those caps. and that's one of the reasons that we're now in the fiscal cliff. >> baseline budgeting has been used by both parties since 1974. allows republicans to exaggerate claims of frugality. allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to pay money to settle a money laundering case. the justice department in the u.s. says the bank cleaned funds for narcotics traffickers in mexico and allowed illegal transactions with iran, cuba, and other nations. michigan becomes a right-to-work state with some fireworks outside the state capitol. we'll talk about what's going on with the fox all-stars when we come back. begin. tomato, ob
nancy pelosi defended the president. >> he has said that he's willing to make some changes. but it's really important that any changes not hurt the middle class. >> reporter: pelosi also said democrats have already agreed to more than a trillion and a half dollars in budget cut this is year. more details now on how a fall off that fiscal cliff would affect taxpayers. the nonpartisan tax foundation says an average family of four would pay an extra $7,400 in taxes. looking at specific cities here, people in san francisco and oakland would pay an extra $7,424 in san jose it would be 7,352. and in santa rosa, $3,333. now to wall street where stocks today moved into positive territory. the dow clos up 78 points. >>> there were more jobs advertised in september than october. job openings rose by 128,000 to 3.68 million in october that is the most since june. and in a separate report last friday, the government said employers added 168,000 jobs last month. >>> michigan became the 24th state in the united states to pass right to work laws. hundreds of union members rallied at the state cap
unacceptable, but president obama has put a lot on the table. nancy pelosi hit back at boehner's rhetoric today. >> the fact is, the president has and democrats agree, to $1.6 trillion cuts. where are the cuts? in bills that you, mr. speaker, have voted for. >> pelosi is lobbying for house republicans to hold a vote on letting tax cuts expire for the wealthiest americans. with house majority leader eric cantor and congressman paul ryan tasked with pushing boehner's plan on the tea party, it's going to be a tough sell. they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john
of the exemptions went to expensive hotels and restaurants and nancy pelosi's district is where it occurred. >>neil: well someone has to push forward to pay the bills. >>guest: but only a few percent of the people get a pass but it increases new industry of parasite lobbyists and the politicians like it because if you give me money i would be more likely to honor your request here. they get the goodies upfront from the program and then the cost, like we are discovering, next year, the medicare surtax and invest president-related taxes, and what have you, and that is when the pile ons start, they hit you with the goodies, covering for pre-existing conditions and all and we are supposed to be surprised when the bill comes due and now we want did delay the bill as if we are not compounding the cost. >>guest: and the public generally goes along because most people believe we get free stuff. >>neil: we cannot be that stupid. >>guest: i used to think that but now i think we are. people want something for nothing. greece where they are rioting because they can no longer retire at age 40 or whatever it is.
none other than majority leader nancy pelosi. listen to her advice to mr. boehner. >> do you know what it was like for me to bring a bill to florida to fund the war in iraq? it's tough. but you have to do it. so is the point that you don't want to put your members on the spot? figure it out. we did. figure it out. >> figure it out. sound advice. >> we did. [ laughter ] >> it's true, i think that pelosi, that example, is a really vivid one, if nothing else. considering the opposition that the democrats had. the compromise that she had to make. and, as i said, there are compromising going on that we don't know about. a lot of what boehner is doing is posturing in order to appeal to people on the base and to donors. he needs to look like he fought the good fiegts. in public, it needs to look like he's really standing up for conservative principles, however confused those may be. and, in private, he may be making deals. he's known to be a man who is good at that kind of politics. this is sort of the thing where it is interesting to see that the republicans are making a bet that this postur
taking time off before the holidays when this big issue is on the plate. nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. with all that needs to be done, avoiding the conversation, sounds like people don't want to be in town for some reason. gerri: does she have a right -- are the republicans trying to avoid the conversation? >> no, absolutely not. we had a hearing this morning in the joint economic committee on this issue, but, you know, it's difficult. it's a one-sided conversation. we have put proposals out in may. there was a proposal or reconciliation bill to stop or reapportion the sequester that's going to happen on january 2nd, in july, passing a bill extending all current tax rates, additional 12 months to allow time to undergo tax reform which, i think, this is the big moment. this is the time to accomplish things. gerri: if it's a big moment, nothing's happening, and it's getting silly. i mentioned before that reid is sp
it here, and it's very, very discouraging. gerri: o what you torespondto what nancy pelosi had tosay about hostage-ting today. pretty dramatic comments. th is nncy pelosi. >> the republicans are sayg that rather than pasing that they want to hold it hostage, giving an additional ax cut to people maing oer $250,000 a year. that i not negotiating. that is hostage-taking. gerri: how would you repondo that? >> wel i would respond by saying that it is just the opposite of that in my opinion. the hostage-taking right now is that this presidenthas drawn a line in the sand. he's onltalking out one side ts equation. we have crisis here in washington. are spendg currently a trillion dollars more than we are bringing in. this president under hs first four years increase the size of our federal government spending by 25 percent, and now he's king for more stimulus money. unfettered control. this really is a hostage situation, and thiis not wha the american people need. we have million americans looking f jos, searching for jobs. we don't need to add dditional taxes. gerri: coerswoman, look. t
and nancy pelosi has said the same thing. and why i wonder -- why is this on the table? this is paul ryan's idea. >> yeah two parts to this. the first part during the election we talked about the $760 billion worth of savings that we had from medicare and the republicans railed against them as cuts and now they are asking to cut medicare. they want to protect your medicare and try to take money out of it at the same time. the second part -- >> stephanie: go ahead. >> oh sorry. >> stephanie: please phlegmy mcphlegmyson go ahead. >> you push people out in to the private insurance market and their premiums are going to be high, and it will raise generally for everybody. so not will it cost shift on to seniors who may forgo medicare because they can't afford it but it ends up raising the price of the insurance market overall. >> stephanie: and it is one of those things politically that oh that seems reasonable, and a concession we could make. but once again, they lost. a leading medicare expert says this has surpricing ripple effects. and the justification is people are l
and that's part of how we should go forward. jenna: that was house minority leader nancy pelosi late last month,g democrats in congress support ad trillion dollars in federal spending cuts. with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget control act in 2011. indeed hear is the document. letter from cbo to spiker boehner laying out $915 billion in cuts between 2012 and to 21. the brookings institution it is a fact, she says pelosi was right. listen up. >> there are two different conversation going on about these numbers. one is about the cuts that are already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely
on its military than china. >>> you are looking at live pictures here. nancy pelosi and the newly elected house leaders. california's maxine waters the top democrat in financial services. the first democratic women to serve as ranking members of either of those committees. many of the top jobs are not changing hands. last week the caucus re-elected pelosi, van hollen into their leadership role and after yesterday's vote waxman and slaughter will remain the ranking members of their key committees. gag ls coming here next. the gaggle makes it to new york. first, the white house soup of the day. ceos and the president munching on chicken noodle. i could use one more day of chicken noodle soup and my fiscal cough, i think, will be gone. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. go ahead, mark y
is the old phrase. >> that's true. >> this morning minority leader nancy pelosi highlighted the diversity of the committee chairs on the democratic side of the house, women and minorities well represented there. last week republicans were lambasted for appointing all white nearly all male committee chairs. has the republican party learned the lessons from the election or do they risk paying the price in the next one? >> well, thomas, forget about the committee chairs. i think the diversity and inclusion and outreach, i think it begins at the grassroots level and i've been pretty critical and vocal over the last two or three weeks and i think that every single republican in this country ought to be concerned about what's happened to us in the last two election cycles in the presidential race, and we lost with every -- we have lost with every demographic out there except for white men and i've been saying for 20 years that we've got to do a better job with nontraditional constituencies and we can't expect to have diversity in our committee chairs when we've got our republican party chairman
. he has to deal with nancy pelosi one way or another. >> howard dean and krystal ball, thank you both for joining me tonight. >> thanks. >> coming up, there is a sleeping giant in the tax policy issues facing the president and congress, and no one is talking about it yet. another republican is takingç shots at mitt romney, and this time of all people it's paul ryan. and also coming up, marijuana, marriage, hillary clinton, seceding from the union and gangham style are all in the rewrite. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep livin
right now. as we speak, house minority leader nancy pelosi is giving her briefing this morning. weep put that up for everybody to see. when we talk about where we are in the staging of all of this, all the drama, the back and forth, the clock ticking, americans truly watching this, you think that the house would be in session today but you all closed up house day early, streamed out yesterday in a walkout. what gives? how do you explain this to the american people when they expect you should be at work trying to resolve this? >> i'm not sure you would call it a walkout. we're waiting for the president to act. we have laid something on the table and we continue to be stalemated by the president and his administration. i am so disappointed that the treasury, geithner, said yesterday they're willing to go off the fiscal cliff and they're notle to negotiate and put something on the table. we've put a good faith effort on the table and you know what, the president is the leatheaet lead. i expect him to be in washington rather than out campaigning. the campaigning is over. it's time to sit at
you this. house democrats, many democrats nancy pelosi and others have been vehicle toll say we don't need to give that much if there is a deal. that democrats they won the election, president obama campaigned on many things that he's pushing. one, do you agree? number two, what role, if that is the role of house democrats what role can house democrats play in influencing that process since this is being cast as president obama and john bain somewhere nobody else. >> the role that the house democrats have played all along that is we continue to put forward an agenda that is acceptable to all sides. as i mentioned, jobs, first and foremost. back home, chris, they're not talking about sequestration. they're saying, look, why can't you guys get together and create the jobs that we need? only within the beltway do we become obsessed with this thing. they expect as adults we'll sit down and work this through. i believe that will happen. i believe the democrats, especially the house, have to remain crystal clear on what we're for. for the creation of jobs, for tax cuts for the middle clas
't reached. here's what nancy pelosi had to say about geithner's remarks. let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the
serious entitlement reform. and a few hours ago nancy pelosi wondered what exactly he had in mind. take a listen. >> what are we talking about here? what are we talking about when we say restructure entitlements? what does restructure mean? destroy, wither on the vine, voucherize, or does it mean let's work together to make these stronger? >> now, given that speaker boehner doesn't tell us anything, are you able to give us any specific examples of what democrats may be prepared to concede in terms of earned entitlements? >> well, i am not willing to say that we cut benefits at all because we can, in fact, make medicare more cost-effective and bring down health care costs without cutting benefits. we did that, and the republicans hit us over the head with it. you remember that number $716 billion and the accusation that democrats were taking it away from seniors and from medicare. >> i remember that lie very, very well. >> and then the president wins the election and now they say and you must cut medicare. well, you know, first of all, that's a very, very unpopular position. and second o
elections are. collective bargaining. >> house democratic leader nancy pelosi pointed out jim demint was one of the ringleaders in voting down the u.n. treaty for people with disabilities this week. >> that was one of the saddest days, so anyone who was a party to that, well, i wish them well wherever they are going and hope that we can have more of our values represented there. >> it was demint and his tea party allies who pushed the country to the brink of default back in 2011. this is what demint told abc news about republicans who tried to strike a debt deal. >> what happens if -- what happens to republicans who go along with a debt ceiling increase? if they go along with the debt ceiling increase without a balanced budget amendment and the kind of stuff you're talking about? >> i think for the most part they're gone. it would be the most toxic vote we could take. >> demint's far right ideology is a key reason nothing gets done in this congress. house speaker john boehner is currently being pressured by demint and his followers to refuse any debt deal with tax increases. demint was on ru
leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming up at 5:15 what economists say the numbers released this morning don't accurately reflect the current jobs market. >>> time now 5:05. reports an oakland church youth group visiting florida today is out of money and their belongings because thieves broke into their van. a group of 24 teenagers and young adults were eating at a restaurant yesterday. about an hour after arriving for a weekend youth conference. they are saying thieves broke into their van, stole $12,000 cash. one member of the group was able to have money wired to them so they at least spent last night in a hotel. there is no word yet if this group plans to come back to oakland today. >>> funeral services will be held this weekend for two teenage girls who were shot to death in oakland last month. services for 15-year-old raquel will be held sunday morning at coopers mortuar
and representative nancy pelosi have been excluded from talks leaving it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of leverage n. a rare misstep, mcconnell may have taken some of that leverage away in a move that ended with mcconnell filibustering himself. the president doesn't have enough democratic support, mcconnell moved to vote to permanently give the president the rate to approve the debt ceiling. reid shocked mcconnell by calling the idea of having that vote a positive development. forcing him to reject a vote he had called for himself. >> is there objection? >> reserving the right to object, matters of this controversy -- what we're talking about here is
and nancy pelosi have been dismissed from the negotiating table. leaving just the speaker and the president to hammer this one out. today vice president biden is hosting middle-class families at the white house, continuing to pressure congress to strike a deal on tax rates below 250,000. yesterday, the president struck a hopeful note with a middle-income family in virginia, while maintaining a hardline on negotiations. >> the message that i think we all want to send to members of congress is, this is a sovble problem. i'm not going to sign any package that somehow prevents the top rate from going up for rate at the top 2% but i remain optimistic we can get something done for that is good for families like this one and that is good for the american economy. >> but the clock is ticking. with just two full weeks before christmas to go. joining me now from washington, the man with all the answers, cnbc's ayman jabbers. it's always so good and important to have you on the show. >> thanks. >> in general, but on days like today, where the numbers come out and we all think to ourselves, is this eve
after house ni mort leader nancy pelosi put the plame back on republicans. let's listen. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. this is a moment of truth. the clock is ticking. christmas is coming, the goose is getting fat, but in many homes across america it's very -- a very, very lean time. >> and today's jobs report showing 146,000 jobs added in november and unemployment dipping to 7.7% may give the president some leverage in negotiations with boehner. but while the president and speaker boehner are both negotiating for a win, what is a win for each of them. what adds up to this complexity of getting a deal done? christa freeland is author of quths plutocrats." cynthia is a visiting professor of journalism from the university of georgia. thank you for joining us tonight. let's see if we can define it. it's a game and it's incredibly high stakes. christa, thank you for copping on tonight. if you were the president of the united states and you were looking from here to the new
's no progress to report. >> minority leader nancy pelosi went to the cameras almost immediately after that with a few questions of her own for the speaker. >> the only obstacle standing in the way of middle income tax relief are the republicans' unwillingness to ask the top 2% to pay their fair share. this top 2%, which by the way gets a tax cut. why are you not bringing this to the floor? is this a forever, forever protection of the wealthiest people in our country at the expense of the middle class? >> at a virginia diner having lunch with middle class people who are facing a tax increase come january 1st, vice president joe biden put the pressure on boehner in the way that only joe biden can. >> folks, this is not hard. this ain't rocket science. it would take 15 minutes from the time the decision was made by the speaker of the house to pass and make permanent middle class tax cuts. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> the president and the democrats have the poll numbe
we look at what's happening in washington, and, you know, one day it's nancy pelosi saying, "we're not going to compromise," the next day it's john boehner saying it. and then mitch mcconnell, the republican leader in the senate says, you know, what my goal is to make barack obama a one-term president. they're supposed to be leaders of the legislative branch of the government, not party hacks. and we have a system now, you know, that is all about looking toward the next election, how we do that. >> this is a strong indictment of the polarization of the two parties. >> yeah. >> but isn't the country also very polarized? >> the country is very polarized in some senses. but you also find the american people saying, "solve the problem. don't go over a fiscal cliff." or, you know, "pay our bills," or, "do something about the budget." now, i think even though the people tend to not be open to a lot of different views, they want the people they elect to make government work. >> so, we have created a political system that rewards intransigence. >> we've created a system that says, "we r
and senate in the loop. this time, he did. even though nancy pelosi is not at the table, she says she's on the team. >> the president knows our views. he shares our values. >> reporter: what i'm hearing from administration sources is they want republicans to agree to some of that rate increase for the wealthy in taxes. and the debt ceiling. then, the white house will start talking about how we're going to cut entitlement programs. that's not the way the republicans want the negotiations to go. but basically, the white house is saying, listen, do this and we'll go forward. >> a tough game of political chicken right now. >> bill clinton called it kabuki theater. david kerley, thank you. >>> these days, as you may know, cars have a lot of features that the owners of the model-t back in the day could not imagine. seat warmers, dvd players, wi-fi. soon, there may be a controversial and mandatory new feature, the ability to spy on your every move. mark greenblatt is on the story. >> reporter: good morning to you. some call that sneaky. others say it will improve safety. now, the government
not coincidentally who was at the white house yesterday, nancy pelosi talking to the president. >> okay. mike viqueira talking to us. thanks so much. >>> developing news this morning, nbc news has learned egyptian authorities have made a major arrest in the gaza libya consulate attack that killed ambassador chris stevens and three other americans. reporting from cairo, egypt, good morning. >> reporter: good morning, alex. sources tell nbc news they have a man in custody they believe is connected to the u.s. consulate in benghazi that took place september 11th and killed four americans, including ambassador chris stevens. according to the egyptian source the man is identified as being in his late 30s. he's known to egyptian intelligence officials for his connections in the past with extremist groups both in egypt and libya and his connections with groups in afghanistan and iraq. acht the country's revolution he managed to escape from a prison where he was being held. it was shortly afterwards he emerged on the scene for egyptian intelligence officials who say he began trading arms into libya,
report, because there's no progress to report. >> reporter: his democratic counterpart, nancy pelosi, blames boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations 23 days before the deadline, when federal income tax rates will revert to higher clinton era levels, 2% payroll tax cuts will expire, and long-term unemployment benefits will dry up for over 2 million americans who have been out of work for six months or more. on saturday, boehner did not allow a compromise on tax hike for top earners, somewhere between today's 35% rate and the clinton era's 39.6%. >> there are a lot of things that are possible, but to put the revenue to the president seeks on the table. >> reporter: even if the two sides are making progress behind the scenes, no one expects them to admit it until the last minute. but the office of management and budget has asked federal agencies for a list of possible cuts, just in case there's no deal. nancy cordis, cbs news, the white house. >> the fiscal cliff is also the topic
do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive. sort of a bigger deal and the president sort of balked at the agreement. seemed to be putting in to place with boehner and then boehner walked away, as well, and the whole thing fell apart. i think you have seen an acknowledgment. if the president and boehner come to an agreement then the senate will come along, the house democrat wills come along. a number of them will. these are really the key negotiators and has to be done at that level to get something finished. >> jonathan, i have to say i'm a little bit skeptical about one aspect of this. it looks li
with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of those is tom cole who is a republican from oklahoma who joins us now live from capitol hill. fantastic to have you here on the show, congressman. >> good to be with you. >> what kind of spending cuts do you need to see, congressman, for you to be able to vote for those tax hikes on the top 2%? >> for the record i don't promote raising taxes on anybody. but if congress doesn't act they go up automatically. i'd like to take an area where we agree with the area, that we're not going to raise taxes on 98% of the american
security and medicare, they're going to go bankrupt. >> nancy pelosi was skeptical about the possible proposal last week. >> first of all, show me the money. i don't even know why that is something that people think is going to produce money. what are we going to do with people between 65 and 67? what is it, a trophy that the republicans want? is that the trophy that they want in order to do what is right, to raise -- to raise the rates for the wealthiest people in our country? >> in addition to giving republicans a victory on entitlements, progressive thinkers make the point that raising the eligibility age is a really stupid way to save money because it just forces people to stop buying health care through medicare, which is relatively cheap, and start buying it through private insurance, which costs way more. as the new republic points out, the federal government would save money, yes, but only because state governments, employers, and individual seniors would pay more. how much more? estimates from the center for budget priorities and policy shows the federal government would save
. just more of the same. >> more of the same indeed. and as minority leader nancy pelosi today declared with americans making their lists of holiday shopping and calculating their year-end finances, now is no time for playing politics. >> it is not a time to inject even more uncertainty into the lives of the american people and the economy of our country and what that means globally. it simply isn't the time. many of these ideas are bad at any time, but they're particularly harmful at this time. >> and while speaker boehner bemoans the lack of spending cuts, white house spokesman jay carney was happy to hold up the physical evidence of those cuts in today's briefing. >> pages 17 to 45 details on proposed spending cuts by the president. what we haven't seen from republicans to this day is a single specific proposal on revenue. >> i wonder why that would be? sheer stubbornness or might there be some sort of strife in the republican power structure? majority leader, harry reid. >> they can't decide what they're going to do. we have heard about the infighting going on with the house leaders
was met with a reality heck from nancy pelosi. >> if the president doesn't agree with our approach, he has the obligation to put forward a plan that can pass both chambers of the congress. >> we have been calling upon the speaker to bring forth middle income tax cuts for a very long time, in fact, since last summer when it passed the united states senate, the president stands ready and poised to sign it. democrats in the house have a discharge position to bring that bill to the floor. what stands in the way is an act on the part of the republican majority to bring a middle income tax cut to the floor of the house. >> one congressional republican leadership watcher provided this update on the state of john boehner's negotiating position. >> john boehner is speaking. he's reporting in. he says he's an optimist. but he doesn't sound optimistic. in what he is explaining, stressing the need to cut spending. did say he's hopeful we can reach an agreement. i don't care where you turn. in the conservative intelligence, you are seeing the republicans have no prayer now. they're just going to have t
former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two secret santas went on a shoppping spree in the east bay. walmart shoppers are still talking about the couple who handed out gifts and cash to total strangers. they paid shoppers' store bills at the register inside a livermore walmart on friday. they bought a toy sewing machine for a little girl when they heard she wanted one. >> they're nice people and giving other people stuff they can't afford. >> the walmart manager says the couple told workers they didn't want any recognition and they didn't want to be named. very generous. >>> well, if you can't dress up your house for the holidays, we have an idea for you. neighbors can get pretty competitive when it comes to hol
this in an acceptable way for the american people. >> woodruff: but house minority leader nancy pelosi fired back that republicans are the ones holding everything up. >> if we were waiting for something, we would say it's well worth the wait. but we're just-- the republicans are just delaying-- just delaying, delaying, delaying, and that's not responsible. >> woodruff: and federal reserve chairman ben bernanke warned again that delay is dangerous. >> well, cleary the fiscal cliff is having affects on the economy, even though we're not yet even reached the point of the fiscal cliff potentially kicking in, it's already affecting biz investment and hiring decisions by creating uncertainty, or creating pessimism. >> woodruff: all of which threatened to cast a pall over the holidays, at the capitol, and just about everywhere else. and that brings us to our continuing series of conversations on this topic. tonight, one of the more outspoken voices against raising taxes. grover norquist is a conservative lobbyist and the president of americans for tax reform. most famously, he's known for getting many e
. and even nancy pelosi has said, look, this is not about rates. it's about revenue. it's about getting the money we need in order to reduce these deficits. so you've got to have spending cuts and you've got to have some revenue to get this done. >> schieffer: let me ask senator simpson. the "new york times" crunched numbers for the tax inn creases for the wealthy and determined even if the rates go back up to the clinton-era rates it would only give us about a quarter of the needed revenue. so what other things can be done? what other taxes have to be raised or where do you get the money to get us to where we need to be? >> well, you go into the tax code, as i say but it's going to take too much time to do that. but there is no possibility to do this, not a single economist who talked to us in our hearings, said we can't grow our way out of this thing if we had double-digit growth for 20 years. you can't cut spending your way out of this baby or you're going to are you ruin a very fragile economy and an emerging and helpful nation and you can't tax your way out of this baby. this is im
right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a work in progress. the thing we cannot see that is not visible to the public or to the press is what's going on behind the scenes. staff discussions resumed yesterday. don't know how fruitful. i haven't gotten much of a signal from people on either side that a deal is close, but they're work rg at it and sometimes these situations can turn around quickly. >> john, what of the reports today that perhaps at some point the republicans in the house and in the senate would go along with the idea of extending the bush era tax cuts for the under-250 cohort of taxpayers, but let the rest of the thing just go off the
of democrats have been pushing back saying we have not been excluded. nancy pelosi says she has spoken to the president. there are also a number of republicans saying that they are involved. michael steele, who was a spokesman for the speaker said, if we are going to solve this problem, the white house and speaker have important roles. the bottom line is that it's probably the president and speaker doing the heavy lifting on this but we will see what speaker boehner has to say. we'll have that for you live at the top of the hour. >>> in the meantime, amazing new video from nasa. you may have already seen these incredible pictures. look at this. this is the earth at night illuminated by city lights across the planet. but there's this new report about whether nasa can maintain its leadership role in space exploration. let me bring informer space shuttle engineer, james oberg. it's been a while. thank you, james. >> hello, chris. >> the council is saying that nasa is at a crossroads and that they have an uncertain future. the funding is flat and getting money from congress seems unlikely.
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